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Get Stuck on 3M

In a worst-case scenario 3M could grow earnings by 10%, says Sterne Agee.

Updated Jan. 30, 2008 12:01 a.m. ET

3M (MMM: NYSE) By Sterne Agee & Leach ($77.95, Jan. 29, 2008)

WE ARE RAISING OUR RATING TO Buy from Hold, and raising the six- to 12-month target price to $90 from $89.

Ever remember as a kid when you wanted to be the first to jump into the river from the bridge over the creek but you hadn't checked first for rocks? That's exactly how many investors feel about 3M currently -- the stock smells inexpensive, it seems likely...